Washington, DC CNN —Federal Reserve Chair Jerome Powell is leaving the door open for additional interest rate hikes to defeat inflation, he said Thursday in prepared remarks.
However, investors are bullish about another pause in rate hikes next month, according to fed funds rate futures.
As Powell began to deliver his speech, he was interrupted by climate protesters who made their way onto the stage.
That could potentially be a headache for the Fed, since strong demand could be maintaining some upward pressure on prices.
Richmond Fed President Thomas Barkin hinted that the Fed could forgo additional action because the economy perhaps hasn’t felt the full impact of the Fed’s previous 11 rate hikes just yet.
Persons:
Jerome Powell, “, ” Powell, Powell, Stocks, Dow, Kathleen O’Neill Paese, Thomas Barkin, hasn’t, ” Barkin, — CNN’s Krystal Hur
Organizations:
DC CNN — Federal, International Monetary Fund, Economic, of New, Nasdaq, Treasury, Interim Kansas, Richmond Fed
Locations:
Washington, Washington ,, of New York, Jeffersonville , Indiana, New Orleans